Sweet Springs, Pettis County, Missouri Property Taxes
The median property tax rate in Sweet Springs, MO is 1.11%, slightly higher than the national median of 0.99% but lower than Missouri's state median of 1.20%. With the median home value in Sweet Springs at $139,910, the typical annual property tax bill reaches $1,511, which is below the national median of $2,690. Property taxes in Sweet Springs are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sweet Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sweet Springs or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sweet Springs, Pettis County, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,553
$1,441
Ownwell’s Sweet Springs Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Sweet Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sweet Springs to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Sweet Springs, Pettis County, Missouri
Property taxes in Sweet Springs, Missouri, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sweet Springs is 0.85%, which is lower than both the Missouri state median of 0.97% and the U.S. national median of 0.99%. Local government entities within Sweet Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sweet Springs estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sweet Springs' effective property tax rate to other counties in Missouri and the national median. For comparison, the highest median property tax rate in the region is 1.38%, while the lowest median tax rate is 0.35%. Understanding how these areas compare with Sweet Springs provides valuable insights into the varying tax landscape across Saline County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sweet Springs Tax Rate
1.11%
Average Pettis County Tax Rate
1.16%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet Springs, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65351 | 0.86% | 1.01% | 1.11% | 1.16% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Sweet Springs, Pettis County, Missouri
In Sweet Springs, Missouri, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Sweet Springs, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Sweet Springs is $139,910, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $807, while the 75th percentile tax bill is $2,308, and the 90th percentile tax bill reaches $4,577. Notably, the zip code 65351 has both the highest and lowest median tax bill at $1,511. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Sweet Springs, Pettis County, Missouri
Source: Ownwell
$70,990
$109,090
$147,190
Average Sweet Springs Assessed Value
$139,910
Average Pettis County Assessed Value
$83,765
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sweet Springs, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65351 | $49,040 | $76,600 | $139,910 | $198,140 | $464,170 |
Source: Ownwell
Property Tax Bills Across Sweet Springs, Pettis County, Missouri
In Sweet Springs, MO, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors, such as the home's location, size, and condition, contribute to its market value. Once the assessed value is determined, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Sweet Springs, the tax bill can vary significantly. The 25th percentile tax bill is around $807, while those in the 75th percentile see bills closer to $2,308. At the higher end, the 90th percentile tax bill can reach up to $4,577. This range indicates that homeowners with higher-value properties or those in more desirable neighborhoods will pay more in property taxes. Compared to the national median property tax rate of 0.99%, Sweet Springs' property taxes can be relatively moderate, but they still represent a significant expense for homeowners.
Average Sweet Springs Tax Bill
$1,511
Average Pettis County Tax Bill
$930
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet Springs, Pettis County, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 65351 | $557 | $807 | $1,511 | $2,308 | $4,577 |
Source: Ownwell